LUC CORNELISSEN: what changed
LUC CORNELISSEN
Largest movements
- Tangible fixed assets -€7,088
down €7,088 (-23.1%), from €30,697 to €23,610
of which Plant, machinery and equipment: -€5,798
- Receivables within one year -€2,557
down €2,557 (-65.5%), from €3,903 to €1,347
of which Trade receivables: -€1,846
- Cash +€566
up €566 (+2,970%), from €19 to €586
mainly Other debts (+€13,884) and Depreciation (+€4,647)
- Profit (loss) carried forward -€30,541
down €30,541 (-13.2%), from -€230,872 to -€261,413
- Other debts +€13,884
up €13,884 (+5.6%), from €248,344 to €262,228
- Advances received +€4,606
new in 2025: €4,606
- Contributions +€2,000
up €2,000 (+16.1%), from €12,400 to €14,400
- Tax, wage and social debts +€1,213
up €1,213 (+161%), from €751 to €1,964
- Financial charges -€61,259
down €61,259 (-99.5%), from €61,561 to €302
of which Non-recurring financial charges: -€61,106
- Financial income +€7,400
up €7,400 (+1,850,020%), from €0 to €7,400
- Gross operating margin -€5,723
down €5,723 (-25.3%), from -€22,594 to -€28,317
- Other operating charges +€3,076
up €3,076 (+228%), from €1,351 to €4,427
- Depreciation -€1,261
down €1,261 (-21.3%), from €5,908 to €4,647
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,620 | €25,720 | -€8,899 | -25.7% |
| Fixed assets | 21/28 | €30,697 | €23,610 | -€7,088 | -23.1% |
| Tangible fixed assets | 22/27 | €30,697 | €23,610 | -€7,088 | -23.1% |
| Land and buildings | 22 | €11,054 | €9,764 | -€1,290 | -11.7% |
| Plant, machinery and equipment | 23 | €19,643 | €13,845 | -€5,798 | -29.5% |
| Current assets | 29/58 | €3,922 | €2,111 | -€1,812 | -46.2% |
| Amounts receivable within one year | 40/41 | €3,903 | €1,347 | -€2,557 | -65.5% |
| Trade receivables | 40 | €1,846 | €0 | -€1,846 | -100% |
| Other amounts receivable | 41 | €2,058 | €1,347 | -€711 | -34.6% |
| Cash at bank and in hand | 54/58 | €19 | €586 | +€566 | +2,970% |
| Deferred charges and accrued income | 490/1 | €0 | €179 | +€179 | |
| Total equity and liabilities | 10/49 | €34,620 | €25,720 | -€8,899 | -25.7% |
| Equity | 10/15 | -€215,607 | -€244,148 | -€28,541 | -13.2% |
| Contributions | 10/11 | €12,400 | €14,400 | +€2,000 | +16.1% |
| Reserves | 13 | €2,865 | €2,865 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €2,865 | €2,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€230,872 | -€261,413 | -€30,541 | -13.2% |
| Amounts payable | 17/49 | €250,227 | €269,868 | +€19,642 | +7.8% |
| Amounts payable within one year | 42/48 | €250,227 | €269,868 | +€19,642 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,131 | €1,070 | -€61 | -5.4% |
| Suppliers | 440/4 | €1,131 | €1,070 | -€61 | -5.4% |
| Advances received on contracts in progress | 46 | - | €4,606 | +€4,606 | |
| Taxes, remuneration and social security | 45 | €751 | €1,964 | +€1,213 | +161% |
| Taxes | 450/3 | €751 | €1,964 | +€1,213 | +161% |
| Other amounts payable | 47/48 | €248,344 | €262,228 | +€13,884 | +5.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,908 | €4,647 | -€1,261 | -21.3% |
| Other operating charges | 640/8 | €1,351 | €4,427 | +€3,076 | +228% |
| Gross operating margin | 9900 | -€22,594 | -€28,317 | -€5,723 | -25.3% |
| Operating profit (loss) | 9901 | -€29,852 | -€37,391 | -€7,538 | -25.3% |
| Financial income | 75/76B | €0 | €7,400 | +€7,400 | +1,850,020% |
| Recurring financial income | 75 | €0 | €7,400 | +€7,400 | +1,850,020% |
| Financial charges | 65/66B | €61,561 | €302 | -€61,259 | -99.5% |
| Recurring financial charges | 65 | €455 | €302 | -€153 | -33.7% |
| Non-recurring financial charges | 66B | €61,106 | €0 | -€61,106 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€91,413 | -€30,292 | +€61,121 | +66.9% |
| Income taxes | 67/77 | - | €249 | +€249 | |
| Profit (loss) for the period | 9904 | -€91,413 | -€30,541 | +€60,872 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€91,413 | -€30,541 | +€60,872 | +66.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.